Technical Analysis

In the video above, I take a look at the AUDUSD from a technical perspective. This week, the price action has been up and down volatile. Today, the low was pressed with the price moving down to test a lower upward sloping trend line. That trend line was broken on 2 separate occasions. Each failed.

USD The Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. Fed Chair Powell maintained a neutral stance as he said that it was

USD The Fed left interest rates unchanged as expected with basically no change to the statement. The Dot Plot still showed three rate cuts for 2024 and the economic projections were upgraded with growth and inflation higher and the unemployment rate lower. Fed Chair Powell maintained a neutral stance as he said that it was

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

BTCUSD 4 hourly chart shows a failed breakout Bitcoin’s recent price action on the 4-hour chart presents a fascinating narrative of a failed breakout, highlighting the constant battle between bulls and bears in the cryptocurrency market. Here’s an in-depth look at the technical analysis of Bitcoin’s performance and what traders might anticipate next. Bitcoin’s Failed

The EURUSD is trading at new session lows and lows for the week. In the process, the pair is testing the high of a swing area near 1.0847 and the 61.8% of the move up from the February low to the March high at 1.08036. The swing area extends down to 1.07955 (see red numbered

Crude oil futures are settling at $80.63. That is down $0.44 or -0.54%. The low for the day reached $80.42. The high was up at $81.45. For the trading week, the price is down -0.51% on a decline of $0.41. At session highs this week, the price was up $2.08. At session lows, the price

The USDJPY bumped against three-year highs this week on both Wednesday and Friday, and found willing sellers each time. The high on Wednesday reached 151.81. The high today reached 151.85. That compares to the 2022 high at 151.95, and the 2023 high at 151.91. So over the last three years, the swing highs are within

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The SNB cut rates this week pushing the CHF lower (the USDCHF higher), but sellers showed up on the first test of the 38.2% retracement of the trend move down from 2022 high at 0.90254. Getting above that level is key for the buyers in the pair going forward. If broken to the upside the

The GBPUSD has moved to a new low and is back firmly in the middle of the old range between 1.2593 and 1.2800. At the highs today, the price stalled near 1.2800 and then reversed and moved lower helped by the BOE rate decision and dovish shift. Stronger US statistics also gave the sellers ammunition

THe USD has moved to new highs vs a number of the major currencies. It is not the strongest of the major currencies: The USD is now the strongest of the major currencies Helping is a move higher in rates, but also some better data in the US including continued jobless claims data, existing home

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

The USDCAD yesterday moved higher and moved into a swing area on the 4-hour chart between 1.36049 and 1.36269. In between sits the 61.8% retracement of the move down from the November 2023 high to the December 2023 low at 1.3623. That move to the upside failed and the price rotated back lower into the

GBPUSD moved up to the 100 bar MA on 4-hour chart The GBPUSD has completed its down and up “lap” that saw the pair move from an Asian session high at 1.27305, to a low in the European session at 1.2667 (and briefly below the 200 bar MA on the 4-hour chart at 1.2673), and

CNBCs James Kramer interviewed and videos Jansen Huang. Shares of Nvidia when trading at $863.23 as the interview got going. Shares are trading at $856.17 down $28 38 or -3.18%. Looking at the hourly chart below, the prices currently trading below its 100 hour moving average for the first time since February 20 and February

USDCHF is moving higher and looks toward the Feb highs The USDCHF currency pair has seen a notable increase in activity, registering a 49 pip extension in its trading range today. This movement pushes it 3 pips beyond the 22-day average trading range, which equates to approximately one month of trading, making it the first

Welcome to our latest Bitcoin technical analysis! We delve into the daily timeframe, examining the recent movements and potential future directions of Bitcoin. 🔍 Today’s bitcoin technical analysis highlights: Observation of the past two daily candles and their proximity to the crucial 20 EMA, a significant indicator for algo firms and professional traders. A potential